There has already been plenty of commentary about Friday's employment report -- from the Big Picture (providing the Wall Street Journal's roundup of expert commentary), at Angry Bear and from Tim Duy (both putting things in a broader context), from William Polley (a little disconcerted by the unemployment data), from Andrew Samwick (who is not too excited), from Steve Reardon (who isn't that excited either), from Brad DeLong (not liking the earnings picture), and from the Skeptical Speculator (who sees more Fed rate hikes on the way).

I'll add one more slice of the data, a look at the distribution of job gains by sector:

Nov05_emp_report


The striking thing about the comments in many of the links noted above is the relatively pessimistic slant on what would usually be considered a strong report.  If you are looking for something about which to feel at least a little optimistic, you can take note of the fact that the job gains were relatively broad based.

UPDATE:  Tim Iacono (hat tip, Tim) takes a similar cut at the data, and is not too impressed.  My story is that this was pretty good report, and I'm sticking to it.